Boeing (BA) Projected to Post Quarterly Earnings on Tuesday

Boeing (NYSE:BA) is projected to post its quarterly earnings results before the market opens on Tuesday, January 28th. Analysts expect Boeing to post earnings of ($1.60) per share and revenue of $16,870,336.00 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the company earned ($3.26) EPS. On average, analysts expect Boeing to post $-16 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Boeing Trading Up 1.3 %

Shares of NYSE BA opened at $171.14 on Tuesday. The firm has a market capitalization of $105.80 billion, a price-to-earnings ratio of -13.27 and a beta of 1.52. Boeing has a one year low of $137.03 and a one year high of $217.59. The business has a fifty day simple moving average of $163.15 and a 200 day simple moving average of $164.61.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BA shares. Jefferies Financial Group cut their price objective on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Benchmark reissued a “buy” rating and set a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $192.21.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.